No-Action Letters

89-02 ;
Section 4m(1);
No-Action
The Division of Trading and Markets granted CTA registration no-action relief to a registered investment adviser who would provide commodity interest trading advice to its insurance clients in a manner solely incidental to its providing securities advice to the clients. (T&M)

06/05/1989

89-06 ;
Regulation 30.6;
No-Action
The Division of Trading and Markets permitted U.K. firms who previously had been granted interim relief to avail themselves of the full relief granted in the Commission’s orders dated May 15, 1989, regarding the use of risk disclosure statements for clients who were customers of their firms prior to January 4, 1988. (T&M)

89-12 ;
Regulation 4.22(c)(4);
No-Action
The Division of Trading and Markets relieved a CPO from the requirement to include a Statement of Cash Flow or Changes in Financial Position in its pool’s annual report, provided certain conditions were met. (T&M)

11/09/1989

89-13 ;
Regulation 3.15;
No-Action
The Division of Trading and Markets permitted a U.S. domiciled IB of a Canadian affiliate to designate its president as the sole principal for purposes of its IB registration, based on the representations it had made to Division staff. (T&M)